The International North-South Transport Corridor


Posted originally on Jun 28, 2024 By Martin Armstrong 

The Environmental Protection Agency wants to decimate the fossil fuel industry in the US. The European Environment Agency has planned to eliminate its fossil fuel industry as well, as has Environment Canada and every nation following the green agenda put forth by the World Economic Forum. These agencies gave Russia and the middle east a huge boost by nuking their own energy production. Adhering to targets for 2030 and 2035 required a continued diminished fossil fuel sector, with coal being targeted as one of the main perceived environmental threats.

As the WEF-led nations carry on with their own demise, their identified enemies are building their fossil fuel industries. Russia sent a shipment of coal from St. Petersburg to Mumbai this week on a 4,500-mile voyage, marking the first shipment of coal to India from Russia through the INSTC. India is praising the INSTC route, which it began constructing with Russia in the early 2000s, as the new alternative to China’s Belt and Road Initiative. “For the first time, two trains with Kuzbass coal headed to India along the International North-South Transport Corridor. The trains set off from the Kemerovo region. They followed along the eastern branch of the INSTC through Kazakhstan and Turkmenistan to the Iranian port of Bandar Abbas,” Russian Railways said on Monday in its Telegram channel.

Sanctions have not deterred Russia from exporting energy. Iran is profiting off of the sanctions as well. The need for fossil fuels has not magically disappeared. The politicians of the West want the public to believe that they can do away with the key elements to our infrastructures with the brush of a pen but it is utter nonsense as the West will require fossil fuels until a reliable alternative is widely available.

Perhaps no one has profited as much as India on the recent war. It has attempted to remain neutral, focusing on domestic interests to promote trade with both the West, China, and Russia. Politicians are OK with purchasing Russian energy from India at an increased cost. It’s preposterous and yet another reason why sanctions NEVER work.

North Korea Will Send Troops to Ukraine


Posted originally on Jun 28, 2024 By Martin Armstrong 

(Vladimir Smirnov, Sputnik, Kremlin Pool Photo via AP)

A week after meeting Russian President Vladimir Putin, Kim Jong-Un has declared that he will send troops to Ukraine in the Donetsk region. Russia has already received two million rounds of ammunition, ballistic missiles, and rocket launchers from North Korea, but this marks the first time that troops will actively engage in battle.

Furthermore, Ilya Ponomarev, a former Russian member of parliament, stated that North Korea has strengthened Russia’s relationship with China, as China could use North Korea as a middleman to avoid Western sanctions when sending goods or military equipment to Russia. “China is cautious not to fall foul of secondary sanctions by the US, but North Korea is not in danger,” he explained, calling North Korea one of Russia’s “key” partners. “So, there is no problem for the Chinese to assist North Koreans and then North Koreans to make trade with Russia and benefit from this both financially and in terms of military development.”

A spokesperson for the Pentagon said that the troops will be used as cannon fodder in Putin’s “illegal war.” Is war ever legal? NATO is alarmed as the partnership has quickly advanced from pledging an allegiance to assisting one another if attacked to joining the war effort in Ukraine.

North Korea is a small nation whose inhabitants live in utter darkness from the rest of the world. One must question how many troops will defect once arriving in Ukraine, especially once they meet Russian soldiers and learn how much different life is for those living outside of the hermit kingdom. Kim Jong-Un will undoubtedly use the troop’s families as leverage to prevent any defectors, but one must wonder how effective these troops could be against Western-backed forces. North Korea has not fought in a war since the 1950s, and sadly, these troops may very well be positioned as cannon fodder.

Now, North Korea has not declared war on Ukraine. They are allegedly sending troops to assist in the reconstruction efforts in exchange for an annual sum of $115 million. “The goal is to rebuild a city destroyed by fighting,” said the unnamed official, without specifying further on the location.

South Korea certainly sees Russia as a clear enemy and is likely to up its efforts to support Ukraine and NATO. This opens the door for the West to send troops to Ukraine under the same premise of reconstruction. All the chess pieces are aligned and ready, with the Neocons simply waiting for the right moment to strike.

Brat: Nobel Laureates Expose Their Political Bias In Statement On Economy


Posted originally on Rumble By Bannons War Room on: June 26, 2024 at 08:20 pm EST

Japan – China – US Debt


Posted Jun 26, 2024 By Martin Armstrong 

Japan remains the largest holder of the US as of May 2024, holding $1.186 trillion in Treasury securities and 14.7% of all foreign-owned US debt. China has been selling off its holdings in an urgent effort to distance itself from the US, but is currently the second-largest holder of US debt, carrying about $767.4 billion as of March 2024. I largely speak about China’s debt holdings because they were the top buyer of US debt before the political landscape changed.

Within a mere four years, China sold off 30% of its holdings or over $250 billion in US debt. This assisted the yuan in general as China was able to use the exchange rate to buy yuan when the currency depreciated. China seemed to be assisting Trump years ago in lowering the dollar to ease trade frictions. That is no longer the case here as the United States enacted economic warfare against Russia, pushing it off SWIFT, confiscating private assets, and implementing countless sanctions. The United States did all of this to Russia without officially being at war. Who is to say the same would not happen to China under the excuse of Taiwan?

Negative interest rates were a huge mistake for Japan. Unlike China, Japan aims to strengthen ties with the US. The nation drastically increased its holdings of US debt in 2023. US bonds seem safter than the low-yield returns provided domestically in Japan. Funds are moving out of Japan and into the US. They see US debt as relatively safe as they have a strong alliance with the US and the yield are simply higher.

The advice I used to provide to Japan to help reduce the trade friction was to buy gold in New York and sell it in London. The trade numbers could care less about the product actually being exported. It will reduce the trade deficit and make US exports appear to rise. It is just an accounting ploy. Likewise, the booming exports of China were being manipulated by Chinese companies borrowing dollars in Hong Kong and then bringing that money into China and collecting three times that cost in interest. Headlines are always made on the numbers without understanding the accounting.

I received the question of why I speak about China’s purchases and not Japan’s. Again, I speak primarily of China’s offloading of US debt because that is a larger issue. China has not slowed its pace of offloading US Treasuries and this becomes a problem as the debt crisis will come to a head when there is simply no one willing or able to buy US government debt. The Fed desperately needed China’s participation as its plan was to roll over its debts perpetually. They simply cannot pay off $34+ trillion and counting. Japan and the UK cannot compensate for the loss of Chinese purchases.

The 10 Bn Euro Paris Olympics Disaster


Posted originally on Jun 25, 2024 By Martin Armstrong

 


The French are outraged by the amount of money their government has spent on the 2024 Paris Olympics. The government has already spent 9 billion euros on the games, but costs continue to grow daily, and it is now estimated that it will cost France at least 10 billion euros to host the games. There have been countless mishaps when building arenas that have multiplied costs. Parisians know that their city cannot hold the estimated 15 million visitors. Macron believes he is royalty, and hosting the Olympics has always been about boasting rights as it never results in a profit for the hosting country.

Emmanuel Macron had the audacity to announce that open water games would be held in the Seine River, which is brown, unsanitary, and completely contaminated by sewage. Macron said that he and the mayor of Paris would take a swim in the Seine on June 23 to show the world that it is not a floating water of waste. Creative protestors, the French decided to show their disgust by collectively pooping in the river on the day the president was set to swim. Websites were constructed to tell people in neighboring cities precisely when to poop in the river so that it would reach Macron in time for his swim. The river was still utterly polluted on June 23, and Macron conveniently announced that he would delay his swim until after the July election.

There is no plan B for hosting the outdoor swimming events and this puts the world’s top athletes at risk as entering those waters is a complete health hazard. There have been countless failures so far and the budget for these games is outrageous. The government spent 188 million euros building the new Olympic Aquatics Centre in the Saint-Denis neighborhood of Paris when the budget was only 70 million euros. The most appalling aspect is that even after spending far beyond the budget, there was a miscalculation in building the venue and it is too small to host most of the swimming events. This has not prevented politicians from using the wasted tax money as a photo opportunity.

The initial budget for the Olympics was proposed in 2017, and yes inflationary issues are partly to blame for the obscene faults in the budget. Yet every Olympic committee is raising its costs. The Organizing Committee for the Olympic Games, for example said they need to raise costs by at least 10% for the Olympic Village and security.

The final cost of the Olympic games will not be known until 2025. It is simply propaganda to believe that the Olympic games will benefit the people of France in any way, as the costs involved will exceed revenue. Macron, per usual, is only interested in promoting his own image and legacy and has no regard for the welfare of his own people.

One Killed, One Seriously Injured – Hungarian President Viktor Orban Motorcade Crash in Germany


Posted originally on the CTH on June 25, 2024 | Sundance

Hungarian President Viktor Orban is not liked by NATO and Western leaders for his opposition to the war in Ukraine. Hungary just took over as rotating lead of presidency of the EU. Germany is the largest nation in the EU and vehemently opposed to the Orban peace initiative.

President Orban was traveling to the airport in Germany, when suddenly a car made an unexpected turn into his motorcade. One motorcycle officer was killed, another seriously injured. Viktor Orban is unharmed. Samantha Power and William Burns shout, “VERDAMMT!

GERMANY – […] The crash took place at around 11.15am in the district of Degerloch in Stuttgart, Germany, when the Hungarian leader was being escorted to the airport.

[…] The Stuttgart traffic police motorcycle squad were escorting the Hungarian president to Stuttgart Airport on Löffelstrasse.

However, a woman, 69, driving a BMW reportedly drove through an intersection that had been closed off by the police for Orban’s convoy at Albplatz.

She is understood to have turned left at the Rubensstrasse intersection and hit the motorcycle of a 61-year-old male officer who was accompanying Orban’s car.

Due to the force of the impact, the police vehicle was thrown onto the motorcycle of a 27-year-old colleague who had used his motor to block the intersection for traffic.

Both police officers were seriously injured in the collision and were rushed to hospital, reports Bild.

But despite the best efforts of paramedics, the 61-year-old cop died of his injuries shortly afterwards.

The public prosecutor’s office and the Stuttgart police announced the horror collision in a statement. (link)

Suspicious Cat remains, well, suspicious.

A Technical Study of Relationships in Solar Flux, Water and other Gasses in the upper Atmosphere, Using the May, 2024 NASA & NOAA Data


The attached report on Global Weather for May 2024 Data has charts showing the relationship we tween CO2 growth and Temperature increases going up since we started to accurately measure CO2 in the atmosphere in 1958. These Charts were created by showing CO2 as a percent increase from when it was first measured in 1958, the Black plot, the scale is on the left and it shows CO2 going up by about ~34.0% from 1958 to May 2024. That is a very large change as anyone would have to agree. 

Now how about temperature, well when we look at the percentage change in temperature also from 1958, using Kelvin (which does measure the actual change in heat), we find that the changes in global temperature (heat) is about ~.3% and may reach .5% by 2028. To even be able to see this minuscule change we had to reduce the scale of the CO2 axis by a factor of ten.

This Chart 8 uses unaltered values from NOAA and NASA properly displayed ,and the Blue and Yellow projections are created by Microsoft Excel not me.

The NOAA and NASA numbers tell us the story of the Changes in the planets Atmosphere As Carbon Dioxide goes up geometrically.

WarRoom Battleground: The Lies Of Think Tanks, Pentagon, And The Deep State-6/21/2024


Posted originally on Rumble By Bannons War Room on: June 23, 2024 at 08:30 pm EST

Canada’s Population Explodes Surpassing 41 Million


Posted originally on Jun 24, 2024 By Martin Armstrong 

Canada’s population has surpassed 41 million, but it is not due to new births. Statistics Canada declared that the population rose 0.6% or 242,673 people since last quarter, standing at 41,012.563 as of April 2024. The nation rose by 1.27 from 2022 to 2023 or a 3.2%. . Nearly all population growth (99.3%; 240,955 people) were solely attributed to migrants arriving in Canada.

“In 2023, the vast majority (97.6%) of Canada’s population growth came from international migration (both permanent and temporary immigration) and the remaining portion (2.4%) came from natural increase,” StatCan said in a statement. “This was the second straight year that temporary immigration drove population growth and the third year in a row with a net increase of NPRs (non-permanent residents),” it said. The number of new arrivals is increasing in 2024 at a rapid pace, far too rapid for the economy to maintain.

Now, government agencies claim that Canada’s population requires “temporary immigration” for labor and the population has grown by 100,000 migrants every quarter since Q3 2021. Canada’s unemployment rate rose in April to 6.1% from 6.1% in March, with the rate at only 5.3% in April 2023. The migrants are not filling in-demand labor roles. As with the US and every western country that permitted open borders, these people are living off of the tax payers and not producing anything. Trudeau totes that skilled labor is needed throughout Canada but the people coming in are not filling those roles either.

Trudeau has permitted an influx of migrants throughout the past six years at a pace that has only accelerated. Every recent poll has found that Canadians are concerned about the record number of new arrivals. The government has stated it would begin to cap immigration but that only applies to those entering legally.

Sentiment toward immigration has turned sour. Canadians are worried about inflation and the housing crisis. A Leger poll learned that 75% of Canadians felt that immigration was fueling the housing crisis. The Association for Canadian Studies and the Metropolis Institute surveyed Canadians in January 2023 and 21% reported that there were too many migrants. They conducted the same poll a year later and the number of concerned legal residents more than doubled to 50%. An Abacus Data survey found that 67% of Canadians believed the rate of immigration was far too high. Trudeau’s popularity is declining as Canadian society and culture begin to shift. The US is not the only country relying on an influx of immigrants and war to alter elections.

Hearts of Oak: The Week According to… Leilani Dowding


Posted originally on Rumble By Bannons War Room on: June 22, 2024 at 09:00 pm EST